Margin payments are reclaimed through avoidance action: new duties imposed regarding brokerage firm’s obligation to investigate account party

Date

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Location
USA
Firm
Cadwalader Wickersham & Taft LLP
Tags
USA
Capital Markets
Insolvency & Restructuring
Litigation
Cadwalader Wickersham & Taft LLP
Short (finance)
Debtor
Security (finance)
Fraud
Safe harbor (law)
Fiduciary
Margin (finance)
Hedge funds
Good faith
Investment funds
Brokerage firm
Title 11 of the US Code
Citibank
Bear Stearns
United States bankruptcy court